WEC Energy Group, Inc. $WEC Shares Purchased by Security National Bank

Security National Bank boosted its position in WEC Energy Group, Inc. (NYSE:WEC) by 78.2% during the 4th quarter, Holdings Channel reports. The fund owned 17,027 shares of the utilities provider’s stock after acquiring an additional 7,472 shares during the quarter. Security National Bank’s holdings in WEC Energy Group were worth $1,796,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC boosted its position in shares of WEC Energy Group by 25.4% during the 3rd quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 89 shares in the last quarter. Inscription Capital LLC boosted its position in shares of WEC Energy Group by 4.7% during the 4th quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 91 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of WEC Energy Group by 1.7% during the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares in the last quarter. State of Wyoming boosted its position in shares of WEC Energy Group by 5.7% during the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 95 shares in the last quarter. Finally, Matrix Trust Co boosted its position in shares of WEC Energy Group by 0.7% during the 4th quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock worth $1,508,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

Insider Activity

In related news, Director Gale E. Klappa sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $116.55, for a total value of $582,750.00. Following the sale, the director directly owned 276,600 shares in the company, valued at $32,237,730. The trade was a 1.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the sale, the director owned 20,541 shares in the company, valued at $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WEC. Mizuho set a $124.00 target price on shares of WEC Energy Group in a research report on Wednesday, May 6th. KeyCorp boosted their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Jefferies Financial Group decreased their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. JPMorgan Chase & Co. decreased their target price on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Wall Street Zen upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $122.44.

WEC Energy Group Price Performance

WEC Energy Group stock opened at $109.07 on Friday. WEC Energy Group, Inc. has a 52 week low of $102.49 and a 52 week high of $119.62. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The firm’s 50-day simple moving average is $115.01 and its 200 day simple moving average is $111.73. The firm has a market capitalization of $35.53 billion, a PE ratio of 21.77, a P/E/G ratio of 2.62 and a beta of 0.50.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the firm earned $2.27 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts predict that WEC Energy Group, Inc. will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be given a $0.9525 dividend. The ex-dividend date is Thursday, May 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. WEC Energy Group’s payout ratio is currently 76.05%.

About WEC Energy Group

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.